Oxidation Is Defined as The

question 42

Multiple Choice

Oxidation is defined as the:

• A)loss of electrons.
• B)loss of protons.
• C)loss of electrons and protons.
• D)gain of electrons.
• E)gain of protons.

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Definitions:

Terms 2/10, N/30

A payment term indicating that a buyer can take a 2% discount on the invoice amount if the payment is made within 10 days; otherwise, the full invoice amount must be paid within 30 days.

Perpetual Inventory Method

The perpetual inventory method is a system of accounting for inventory that continuously updates the quantity and value of inventory items after every transaction.

Journalize

The act of recording transactions in the accounting journals as part of the bookkeeping process.

Terms 2/10, N/30

Payment terms indicating a 2% discount if paid within 10 days, otherwise the net amount (total invoice) is due within 30 days.